CJ Cheiljedang third-quarter profit plunges 48.3% on higher costs

Nov 10, 2026 01:11 (3h ago)

CJ Cheiljedang reported third-quarter net profit of 61.6 billion won, down 48.3% year on year.
Operating profit fell 10.8% to 309 billion won and sales declined 0.6% to 7.39 trillion won, despite overseas growth in dumplings and Hetbahn.
Higher costs and weaker CJ Logistics profitability pressured earnings, while the company outlined fourth-quarter improvement plans for food and amino acid businesses.

CJ Cheiljedang Corp. reported third-quarter net profit of 61.6 billion won ($45.8 million), down 48.3% from 119.19 billion won a year earlier, as higher raw material and logistics costs and reduced gains from CJ Logistics weighed on results. Operating profit fell 10.8% to 309 billion won, while sales slipped 0.6% to 7.39 trillion won, although global strategic products including dumplings and Hetbahn recorded double-digit overseas growth. Net profit for the first nine months dropped 53.5% to 177.61 billion won. The company plans to strengthen its food operations and improve the performance and profitability of its nucleic acid and feed-grade amino acid businesses in the fourth quarter.